Keywords
Informal
Prices
Housing
Cities
How to Cite
Abstract
The nation-wide lockdown to address the Covid-19 pandemic resulted in loss of job and income for a large section of working population in India. The problem became severe for the migrants who work in the urban informal economy. Among the various factors, the severity of their problem could be due to exorbitant housing prices in the cities. Against this back drop the present study intended to explore the housing prices in Delhi-NCR, the home to millions of informal migrants, and to infer about its implications for the latter. The study finds that in recent years, apart from exorbitant rise, the housing prices in Delhi-NCR have been inequitable for various income groups. It might have resulted in high rental cost and unhealthy living for the informal migrants. As result, in the face of loss of employment and income, they might have thought it wise to return to their villages by any means.
References
1. Boob, T. N. 2015. “Transformation of Urban Development to Smart Cities: The Challenges.” IOSR Journal of Mechanical and Civil Engineering 12 (3): 24–30.
2. Chakravorty, Sanjoy. 2013. “A New Price Regime: Land Markets in Urban and Rural India.” Economic and Political Weekly 48 (7): 45–54.
3. Dittrich, C. 2007. “Bangalore: Globalisation and Fragmentation in India’s High-Tech Capital.” ASIEN, 45–58.
4. da Costa, E. M., M. P. Hinnig, and E. P. Trindade. 2017. “Sustainable Development of Smart Cities: A Systematic Review of the Literature.” Journal of Open Innovation 3 (11).
5. Kapoor, Mahima. 2020. “₹7,800 per Month: The Ideal Cash Transfer Needed to Help Households Survive a Lockdown.” BloombergQuint. https://www.bloombergquint.com/economy-finance/rs-7600-per-month-the-ideal-cash-transfer-a-household-needs-to-survive-lockdown.
6. Kundu, Amitabh. 1997. “Trends and Structure of Employment in the Nineties: Implications for Urban Growth.” Economic and Political Weekly, 1399–1405.
7. Kundu, Amitabh, S. Bagchi, and D. Kundu. 1999. “Regional Distribution of Infrastructure and Basic Amenities in Urban India: Issues Concerning Empowerment of Local Bodies.” Economic and Political Weekly, 1893–1906.
8. Omkar Parishwad, and Tribhuban Singh. 2014. “Analysing and Rating Smart City Development in India.” Journal of Civil Engineering and Environmental Technology 1 (6): 54–59.
9. Sam, Asher, Karan Nagpal, and Paul Novosad. 2007. The Cost of Remoteness: Evidence from 600,000 Indian Villages. Paper presented at an IZA conference.
10. Sethi, Mahendra. 2015. “Smart Cities in India: Challenges and Possibilities to Attain Sustainable Urbanisation.” Nagaalok 47 (20).
11. Singh, Gurbachan. 2016. “Land in India: Market Price vs. Fundamental Value.” Ideas for India. https://www.ideasforindia.in/topics/governance/land-in-india-market-price-vs-fundamental-value.html.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright (c) 2020 JASSSR